Marc Faber: A chimpanzee could run monetary policy better than the Fed!

Traders Summit, Released on 5/7/22

Marc Faber, publisher of the Gloom Boom Doom report, sits down with Blake Morrow to discuss the moves from the FOMC lasts week and talk about how current monetary policy will shape the markets for years to come. Inflationary pressures, brought on by the Federal Reserve, can have parallels drawn to the 1970’s as Marc Faber points out. Marc discusses the real estate market, how generations have been prices out of the market. And how currencies and buying power will be destroyed by the central banks based on recent monetary policy blunders. This is a must watch interview from world renowned contrarian investor.

Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor and fund manager. Dr. Faber publishes a widely read monthly investment newsletter, “The Gloom Boom & Doom Report,” which highlights unusual investment opportunities, and is the author of several books including Tomorrow’s Gold: Asia’s age of discovery which was a best seller on Amazon. Dr. Faber is known for his “contrarian” investment approach and charismatic personality. He became infamous after calling the 1987 crash in US equities.

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